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Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993

Central · 1993

Chapter Section 1

  • S. 1Short Title, Extent and Commencement

Chapter Section 2

  • S. 2Definitions

Chapter Section 3

  • S. 3Liability of buyer to make payment

Chapter Section 4

  • S. 4Date from which and rate at which interest is payable

Chapter Section 5

  • S. 5Liability of buyer to pay compound interest

Chapter Section 6

  • S. 6Recovery of amount due

Chapter Section 7

  • S. 7Appeal

Chapter Section 7A

  • S. 7AEstablishment of Industry Facilitation Council

Chapter Section 7B

  • S. 7BComposition of Industry Facilitation Council

Chapter Section 7C

  • S. 7CLaying of Rules before State Legislature

Chapter Section 8

  • S. 8Requirement to specify unpaid amount with interest in the annual statement of accounts

Chapter Section 9

  • S. 9Interest not to be allowed as deduction from income

Chapter Section 10

  • S. 10Over-riding effect

Chapter Section 11

  • S. 11Repeal and saving
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